JPEX Leader Suspected in Australia: Hong Kong’s Largest Crypto Rugpull Scandal Deepens

• Leader of the infamous JPEX rugpull believed to be on the run in Australia.
• Nearly 4,000 victims ensnared in the scandal, with a staggering US$178 million at stake.
• Hong Kong police turn to Interpol for assistance as the manhunt intensifies.

The ongoing saga of the JPEX rugpull, widely recognized as Hong Kong’s most significant cryptocurrency scandal, has taken another dramatic twist. The alleged mastermind behind the elaborate scheme is suspected to be in Australia, prompting Hong Kong authorities to step up their efforts and seek international assistance.

With nearly 4,000 victims trapped in this deceitful web and a staggering sum of US$178 million in funds unaccounted for, the stakes have never been higher. Reports have surfaced that the leader’s affiliated company in Australia was urgently deregistered, further deepening suspicions of his escape to the country.

The Hong Kong police, acknowledging the international nature of this investigation, have confirmed that they will be liaising with Interpol to facilitate a comprehensive manhunt. With the JPEX leader believed to be on the run, capturing him has become paramount for authorities to ensure justice for the countless victims and for the retrieval of the missing funds.

This case serves as a poignant reminder of the potential risks and volatility in the crypto world, emphasizing the need for vigilant regulation and user awareness. As investigations continue and the search expands beyond Hong Kong’s borders, the crypto community worldwide will be eagerly awaiting updates, hoping for justice and resolution for the affected.

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